abrdn (LON:ABDN) Sets New 12-Month Low – Here’s Why

abrdn plc (LON:ABDN)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 130.50 ($1.59) and last traded at GBX 131.83 ($1.61), with a volume of 2515895 shares trading hands. The stock had previously closed at GBX 132.40 ($1.62).

abrdn Price Performance

The firm has a market cap of £2.39 billion, a price-to-earnings ratio of 790.59, a P/E/G ratio of 12.70 and a beta of 1.25. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 11.74. The stock’s fifty day moving average price is GBX 138.62 and its 200-day moving average price is GBX 149.81.

Insiders Place Their Bets

In related news, insider Jason Windsor bought 357,635 shares of the stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of GBX 139 ($1.70) per share, with a total value of £497,112.65 ($606,975.15). 2.41% of the stock is owned by insiders.

abrdn Company Profile

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.